Dhruv Raghav

2 weeks ago | harro.com | Dhruv Raghav

Starting July 1, 2025, HDFC Bank will charge a 1% fee on online skill-based gaming transactions made via credit cards, applicable when monthly spending exceeds Rs. 10,000 on platforms such as Dream11, Rummy Culture, Junglee Games, MPL, and other similar real-money gaming (RMG) sites. This fee will be levied on the entire monthly spend and capped at Rs. 24,999. Additionally, reward points will not be awarded for such transactions. HDFC is not the only private bank to introduce such a change.

2 weeks ago | harro.com | Dhruv Raghav

NVIDIA’s Chief Executive Officer (CEO) Jensen Huang, during the company’s first quarter conference call for the period ended April 27, 2025 (Q1FY26), advocated for collaboration between “top developers” globally—including China—so that U.S. platforms remain the preferred ones for open-source artificial intelligence (AI). The CEO also lauded the U.S. move to rescind the AI Diffusion Rule.

2 weeks ago | harro.com | Dhruv Raghav

NVIDIA incurred charges worth $4.5 billion in the first quarter ended April 27, 2025 (Q1FY26), due to licensing requirements imposed by the U.S. on its H20 chip exports to China, the company revealed in its quarterly financial report. The tech giant said its sales of H20 products totaled $4.6 billion for Q1FY26 before the restrictions came into effect. “NVIDIA was unable to ship an additional $2.5 billion worth of H20 products revenue in the first quarter,” the press release stated.

2 weeks ago | harro.com | Dhruv Raghav

Over the last 11 months, Reddit and Instagram users in India have been shown advertisements for Stake, an online gambling casino. These advertisements promoted the launch of Stake’s India website and featured the famous Indian rapper Raftaar and Punjabi singer Karan Aujla. However, Stake’s advertisement campaigns also targeted a number of teenagers who are underage, and more alarmingly, these advertisements seem to persuade underage users to sign up on the platform.

2 weeks ago | harro.com | Dhruv Raghav

Opinion trading platform TradeX has halted its real-money gaming operations due to the “heavy” 28% Goods and Services Tax (GST) the government is levying on online gaming platforms, the company announced in a memo. TradeX Software India Private Limited, the parent company of the platform, said that the current tax regime “favours” bigger companies in the sector, and makes growth and profitability a challenge for it. Further, TradeX is transitioning to a free-to-play, casual social gaming platform.